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Consolidated Bank of Kenya Act, 1991 🇰🇪

Kenya

Table of Contents

REPUBLIC OF KENYA

Consolidated Bank of Kenya Act, 1991

Act 5 of 1991

  • Assented to on 5 June 1991
  • Commenced on 14 June 1991
  • [This is the version of this document from 14 June 1991.]
An Act of Parliament to make provision for the transfer of the assets and liabilities relating to the businesses of subsidiaries of the Consolidated Bank of Kenya Limited, and for connected purposes.WHEREAS the Consolidated Bank of Kenya Limited (hereinafter referred to as Consolidated Bank) is a company incorporated in Kenya for the purposes of carrying on banking, executorship and trust business;AND WHEREAS the Consolidated Bank has acquired, or intends to acquire, the whole of the share capital of certain banks and financial institutions(hereinafter referred to as subsidiaries);AND WHEREAS the Government and Consolidated Bank have agreed that the undertakings and businesses of subsidiaries should be transferred to and vested in the Consolidated Bank or other subsidiaries, as provided in this Act, and that the o…

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